Economics | BIMP-EAGA

Mobile apps, such as Grab—a ride-hailing service that expanded to food delivery and package delivery, have thrived in Southeast Asia's booming digital economy. Photo credit: ADB.

Taxing the Digital Economy

September 14, 2021

Global and regional initiatives to strengthen tax cooperation will be key to overcoming the challenges posed by increased digitalization and globalization.

COVID-19 Makes It Harder for Asia to Attain Sustainable Goals

September 03, 2021

An estimated 75 million to 80 million people in the region fall into extreme poverty.

A shuttle carrying a satellite is poised for takeoff

Low Earth Orbit Satellites Could Usher in BIMP-EAGA’s Space Economy

August 18, 2021

A Malaysian startup wants to be the first to launch a LEO satellite to provide fast and affordable internet access in Borneo.

expanding the tax base, maximizing tax compliance, and simplifying the compliance process will significantly boost governments’ revenue and better position them to finance pandemic recovery.

Tax Reforms Can Help Finance Southeast Asia’s Pandemic Recovery

August 16, 2021

An Asian Development Bank report recommends policies for strengthening domestic resource mobilization to support a resilient recovery.

Mindanao Barter Trade Persisted in 2020 despite COVID-19 Restrictions

August 03, 2021

Traders are uniquely positioned to adapt to shocks, says Asia Foundation report.

Renewed COVID-19 Outbreaks Slow Recovery in Developing Asia

July 21, 2021

The Asian Development Bank (ADB) lowered its growth outlook for the region this year, including for Southeast Asia. Developing Asia is projected to grow by 7.2% instead of 7.3% in 2021 as renewed COVID-19 outbreaks slowed economic recovery. The growth outlook for 2022 is upgraded to 5.4% from 5.3%.

Southeast Asia Faces GDP Loss of 8.4% in 2021 as COVID-19 Roils Tourism

July 15, 2021

Countries urged to restore travelers' confidence, mitigate socioeconomic impacts on livelihoods, and prepare for the long term.

Construction in central Jakarta near Jalan Sudirman. Photo credit: Asian Development Bank.

UNCTAD Sees FDI Recovery in Southeast Asia in 2021

June 24, 2021

Key drivers of foreign investment include the transition to a digital economy, major infrastructure projects, and the RCEP trade agreement.

Selamat Datang Monument during Jakarta Car-Free Day. Photo credit: Asian Development Bank.

How Land Value Capture Can Help Finance Cities

June 14, 2021

Value capture financing taps into increases in property values, among other benefits, resulting from infrastructure investments.

Malaysia stock photo. Photo credit: Asian Development Bank.

Southeast Asian Economies to Grow 4.4% in 2021 amid COVID-19

April 29, 2021

The Asian Development Bank sees the trade-dependent region tracking developments in the global economy, buoyed by mass vaccinations and fiscal and monetary stimulus.